Eaton Vance Management held its position in CenterPoint Energy Inc. (NYSE:CNP) during the second quarter, Holdings Channel reports. The fund owned 16,409 shares of the company’s stock at the end of the second quarter. Eaton Vance Management’s holdings in CenterPoint Energy were worth $394,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of CenterPoint Energy during the fourth quarter valued at approximately $42,628,000. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of CenterPoint Energy by 156.6% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 2,232,990 shares of the company’s stock valued at $53,592,000 after buying an additional 1,362,728 shares in the last quarter. State Street Corp boosted its position in shares of CenterPoint Energy by 6.3% in the first quarter. State Street Corp now owns 22,347,811 shares of the company’s stock valued at $467,515,000 after buying an additional 1,321,657 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of CenterPoint Energy during the second quarter valued at approximately $24,120,000. Finally, Panagora Asset Management Inc. boosted its position in shares of CenterPoint Energy by 622.7% in the first quarter. Panagora Asset Management Inc. now owns 956,526 shares of the company’s stock valued at $20,011,000 after buying an additional 824,172 shares in the last quarter. 77.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CenterPoint Energy Inc. (NYSE:CNP) traded down 1.48% during mid-day trading on Friday, reaching $23.23. 5,115,785 shares of the company’s stock were exchanged. CenterPoint Energy Inc. has a 52-week low of $16.05 and a 52-week high of $24.71. The company has a 50 day moving average price of $23.02 and a 200 day moving average price of $22.55. The firm’s market cap is $10.00 billion.
CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Friday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.03. CenterPoint Energy had a negative net margin of 10.72% and a positive return on equity of 13.48%. The business earned $1.57 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the firm earned $0.19 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Analysts forecast that CenterPoint Energy Inc. will post $1.15 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Tuesday, August 16th were given a $0.2575 dividend. This represents a $1.03 annualized dividend and a dividend yield of 4.43%. The ex-dividend date was Friday, August 12th. CenterPoint Energy’s dividend payout ratio (DPR) is currently -59.20%.
CNP has been the topic of several recent research reports. Argus reaffirmed a “buy” rating on shares of CenterPoint Energy in a report on Wednesday, June 8th. Wells Fargo & Co. cut shares of CenterPoint Energy from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 22nd. Tudor Pickering cut shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Zacks Investment Research cut shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Finally, SunTrust Banks Inc. reaffirmed a “hold” rating and set a $24.00 target price on shares of CenterPoint Energy in a report on Tuesday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $22.68.
About CenterPoint Energy
CenterPoint Energy, Inc is a public utility holding company. The Company’s segments include Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. Its Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.
Want to see what other hedge funds are holding CNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CenterPoint Energy Inc. (NYSE:CNP).
Receive News & Ratings for CenterPoint Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenterPoint Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.